Tag Archive for Business Management

Brexit, British enterprise, and the price of profitability

Has Brexit been good or bad for British enterprise? We don’t yet know for sure. We don’t yet know when the UK’s exit from the European Union will occur; we don’t yet know how it will occur; and, in truth, we don’t yet know if it will even happen at all. If and when it
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Should your small business have a risk management plan?

The same study also finds that micro-businesses (those with ten or less staff) are inconsistent when it comes to business planning. No micro-business owners, who responded to the survey, had a formal risk management plan, nor did their businesses have anyone specifically responsible for risk management, with all respondents feeling the issue is more relevant for larger businesses, but
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Young entrepreneurs: The importance of learning business skills early

Star of Dragons’ Den Peter Jones is launching a new campaign to foster young entrepreneurs, by rolling out his ‘Tycoon in Schools’ competition into primary schools across the UK for the first time. The entrepreneur says that children will play a critical role in defining Britain’s future prosperity, and wants to inspire children to ‘dream big’ and
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How to build relationships with big businesses for mutual benefit

One of the biggest challenges most small companies face is how to scale up their distribution and so deals with big businesses can be really attractive. Larger companies are also often more strategic in their thinking so if you have something that’s of interest to them, then there’s no reason why you shouldn’t have a
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How winning a Queen’s Award benefitted small businesses

Winning a Queen’s Award is a great honour for companies; a highly-regarded trophy in exchange for much hard work and convincing results. And winning an Award, says Guy Mucklow, is often a good way to demonstrate your company is reliable, professional, transparent and trustworthy in the way it transacts business. Mucklow’s company PCA Predict secured a Queen’s Award for
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Conquering the global market: Small businesses thinking big

No matter where your business starts out, international expansion is undoubtedly a marker of positive growth. In fact, in the ever-connected age of the internet, operating in the global market is not only something that many entrepreneurs strive for, it is often a factor that must be considered in order to ensure longevity. Taking a start-up
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The do’s and don’ts of being an ethical start-up

Running a start-up can be lucrative, but it is not all about the money. For many it is a rejection of the corporate culture that they see as harmful to the planet and assuming an ethical stance. Even if you do not share this conviction, making sure your start-up has a conscience has many benefits.
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Fish and chips: From single outlet to food empire

‘It was never meant to be more than one.’ That was the thought I had when I first started in the fish and chips trade in 1980. At school back in Huddersfield, my only dream was to have my name plastered across the streets on signs and in lights but, although that hasn’t quite happened, to
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Three professionals that you’ll need to help run your business

You may well have started it as a one-man show, and in the early days, you’ll have taken care of everything yourself, from marketing to pitches, accounting, hiring, and much more. Yet as your business grows and expands, there will come a time when this becomes impossible. The workload will be too much for a
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Brexit and the road ahead for small businesses and sterling

Theresa May, new prime minister, has said ‘Brexit means Brexit’ and now it’s time for businesses to start planning for it. We have already seen some big movement on sterling exchange rates but what is next and just how can businesses plan for the future? Brexit has had instant drawbacks, notably the plummeting value of
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